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Corporations - Foreign Banknote Exchange

Foreign Currency Exchange

CXI has found that a well-run foreign currency exchange program not only opens the door for businesses to gain income by providing foreign exchange for their customer, it also adds value to what their other business offerings. Be it a hotel giving their guest some much needed shopping money or a travel agency being able to save their customer from searching elsewhere to fill their pockets with travel cash, all parties can benefit from the interaction. CXI enables businesses to buy and sell foreign currencies at their location, which can help support local businesses by allowing international travelers to quickly, safely and conveniently convert their foreign currency into US Dollars to spend locally.

As a specialist in foreign currency exchange – it is all we do – CXI can help increase revenue and attract new customers to you. CXI uses its expertise in the field to create relationships that increase customer profits by offering extremely competitive rates. CXI’s proprietary software, CEIFX, automates the foreign currency exchange process with customizable setups and its Compliance Verification System (CVS) is built at the software's core to ensure compliance with all current federal regulations.

Foreign Banknote Features:

Compliance Verification System (CVS) Integration

CXI's CEIFX software offers expanded compliance resources and an increased level of comfort when conducting foreign currency exchange transacting by incorporating its CVS to the core of the software. The powerful CVS allows for live compliance checks of regulatory watch lists, easy to review matches, live-stop capabilities, branch hopper aggregation, and robust compliance reporting. This complete compliance integration within CEIFX has been designed to allow all parties involved to comply with and facilitate all foreign currency regulations set forth by the USA PATRIOT Act, OFAC, and the Bank Secrecy Act on a real-time basis.

Learn more about our software CEIFX...

Foreign Banknote Services

  • Enable customers to buy and sell more than 80 foreign currencies from around the world
  • Buy and sell U.S. and foreign American Express Traveler's Cheques
  • White labeled foreign bank note interface for customers
  • Customized company setups with a full suite of inventory management solutions
  • Automated transaction process and updated bank note verification images minimizes any chance for teller errors
  • Integrated shipment tracking brings the up to date details about each transaction to you within one system
  • Compliance friendly system has all the tools and information at your fingertips so any and all audits are handled smoothly
  • A wide variety of user roles and permissions ensure your administrators are in control of how each user can interact with the system
  • Custom built exportable reports and transaction email notifications deliver a trove of information to you with easy to use options and filters
  • Full training program, marketing support, and live customer assistance to enhance currency and new program effectiveness

CXI is proud to support our partners and improve their businesses in a variety of ways. In addition to providing partners with the CEIFX platform and daily-updated exchange rates, CXI supports partners with training, location signage through our marketing support and customer support line. One of the most significant way CXI helps partners to grow their business is by providing customers with a huge variety of marketing material, such as digital rate boards, signage and graphics support. These materials vary based on individual location needs and are highly effective in generating additional business and revenue.

Customized Company Setups:

International Wire TransfersAs one of North America's largest foreign banknote providers, we recognize that every business has different needs and CXI is able to deliver the best foreign currency solution for every type of relationship a business could need. Our services are highly customizable to suit each situation and setups can be mixed.

An example at one CXI client is their high traffic branches are holding foreign currency inventory to help capture more transactions. The system allows the client to easily manage their inventory position by tracking their own customer transactions as well as sell-offs to CXI in real-time.  Other businesses such as hotels are only buying currency from guests and need to lock-in the exchange with CXI immediately to remove any rate fluctuation risk. This process is streamlined in CEIFX and ensures full payment upon receipt of the funds. 

Centralized Systems

  • Centralized systems generally contain a central inventory location or hub ordering process where locations submit their orders to be fulfilled through the main international department.
  • Clients own their own inventory.
  • CXI offers bulk wholesale banknote trading at the best rates and service. Rates and trades can be locked in over the phone, through email or on our online trading platform, CEIFX.

Decentralized Systems

  • Many customers have found the advantage of not having inventory or keeping a small inventory and thereby allow their locations to buy and sell directly to Currency Exchange International, Corp.
  • Decentralized systems help reduce the cost of labor and shipping as well as reduces risk associated with holding currency such as theft and rate fluctuations allowing for increased profits to the client.
  • CXI customizes relationships with its clients so time and money are saved for all parties involved.

Non-Inventory (Decentralized)

  • Businesses have found that most locations work efficiently by dealing directly with CXI without holding any currency on site.
  • Foreign currency orders are drop-shipped directly to each location for convenient and quick fulfillment of orders. When the branch buys back foreign currency, it is sent out to CXI without burdening the branch.

Inventory on Consignment (Decentralized)

  • Select high traffic locations that require a sufficient inventory on hand to satisfy walk up transactions immediately.
  • In such high traffic environments, having a foreign inventory available can significantly increase the currency exchange volume at that location.
  • Eliminates the capital investment compared to a business owning their own foreign currency.
  • CXI tailors inventory targets for this special relationship to meet each market's customer demand.

 

Contact a dedicated account manager to conduct a business review of your specific situation. CXI takes the time to build the right setup for every relationship fully understanding the challenges that need to be addressed and identifying additional opportunities to create operational and financial efficiencies. Businesses find CXI's solutions are easy to manage and implement.